CIM Enviro
It uses the Internet of Things (IoT) to help customers reduce energy usage.
| Date | Investors | Amount | Round |
|---|---|---|---|
$3.0m | Series A | ||
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 59 % | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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CIM Enviro was founded by David Walsh and Amir Mortazavi, who shared a vision of transforming building management through technology. Their journey began with a simple yet powerful idea: to harness data analytics to optimize the performance of large buildings, reducing energy waste and operational costs.
The company quickly gained traction, developing innovative software solutions that provided real-time insights into building operations. This technology empowered facility managers to make informed decisions, enhancing efficiency and sustainability. As the demand for smart building solutions grew, CIM Enviro positioned itself as a leader in the industry.
A significant milestone in CIM Enviro's journey was securing a major funding round in 2017. This financial boost not only validated their business model but also accelerated their growth, enabling them to expand their team and enhance their product offerings. Despite the influx of capital, founder David Walsh emphasized that their primary focus remained on delivering value to their clients rather than merely chasing financial gains.
Today, CIM Enviro continues to innovate, driven by a commitment to sustainability and efficiency. Their solutions are now implemented in numerous buildings worldwide, contributing to a more sustainable future. The company's story is a testament to the impact of technology in reshaping traditional industries and the importance of staying true to one's mission.